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Expanding Sanctions on Chinese Military and Technology Companies.

This act broadens the definition of Chinese military companies subject to sanctions, including entities linked to the Chinese Communist Party and investing in key technologies. This means more companies could face restrictions, aiming to protect U.S. national security. The duration of these sanctions has also been extended until the end of 2026.
Key points
Broadening the list of Chinese companies subject to sanctions to include those affiliated with the Chinese Communist Party.
Imposing sanctions on companies investing in technologies like 5G, artificial intelligence, advanced computing, and biotechnology.
Extending the validity of sanction provisions until December 31, 2026.
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Additional Information
Holding Chinese Military Companies Accountable Act
Print number: HR 3011
Sponsor: Rep. Banks, Jim [R-IN-3]
Process start date: 2021-05-07